AUDUSD approaching strong resistance, potential reversal!
AUDUSD is approaching strong resistance at 0.7643 (Fibonacci retracement, horizontal pullback resistance, descending resistance line) and a strong reaction could occur at that level to push prices all the way down to major support at 0.7434 (Fibonacci extension, horizontal swing low support).
RSI (55) sees horizontal resistance at 55% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) sees horizontal resistance at 55% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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